By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has been on a downward trend for the past few months, but this week the metal used in stainless steel jumped on speculation that slowing global economies will further cut demand. Many nickel miners are taking on new business strategies to cope with the price [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures fell on Wednesday after Cuba announced that its nickel operations escaped the wrath of Hurricane Ike. Production in the region was halted on Sunday before Ike made landfall with 195-kph winds in the eastern province of Holguin, where the mines and plants are located. [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange nickel dropped by approximately five per cent to two week’s low as the stronger greenback made the metal more expensive for holders of other currencies. Nickel dropped by 4.7 per cent to US$19,300 a tonne, it’s lowest since August 20, 2008. LME inventories [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel posted a slight gain this week, with three-month nickel adding $270 to hit $18,320 a tonne. This is a modest rise, as nickel prices have plummeted this year due to weak demand from stainless steel makers. The inching up of prices was possibly promoted by the [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Despite the week end stock rallies, fuelled by dropping crude, nickel closed the week on a quiet note. In India, on the multi-commodity exchange (MCX), the July contract was trading up 0.56%, the August contract was trading up 0.62%, and the September contract was trading [...]
This week, two executives voluntarily left their posts at Norilsk Nickel. Following a year long stint as Chief Executive Officer of Norilsk Nickel International, Peter Breese has decided to pursue his own interests. Mr. Breese joined the mining group about four years ago under the former owner and major shareholder LionOre International. This was before [...]
Resource boom gets weaker as another high cost base metal mine in Australia is going to be shut, the third announcement in a week to curtail production due to weakening metal prices in the world. For more information on this story, visit here
Nickel is high lustre, silver-white coloured material that early civilizations confused with silver. Unlike “fools gold” this imposter is in no way worthless. The element has valuable applications that have enabled it to carve its own niche in the precious metals market. Nickel is primarily used as a refined metal with two thirds of global [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
Wednesday, October 8, 2008